Economy Booster

 Agriculture in India plays a pivotal role in providing livelihood, ensuring food security, reducing poverty and sustaining growth.  Overview of agriculture sector in India Agriculture & GVA: India is witnessing a general decline in share of agriculture in Gross Value Added (GVA). However, growth rate of agriculture & allied sectors have been fluctuating … Read more

BPO (Business Process Outsourcing) Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors. Although BPO originally applied solely to manufacturing entities, such as soft drink manufacturers that outsourced large segments of their supply chains, BPO now applies to the outsourcing of services, as well. Many businesses, from small startups … Read more

 Repo and reverse repo transactions The repurchase agreement (repo or RP) and the reverse repo agreement (RRP) are key tools used by many large financial institutions, banks, and some businesses. These short-term agreements provide temporary lending opportunities that help to fund ongoing operations. The Federal Reserve also uses the repo and reverse repo … Read more

 ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing … Read more

 youth unrest and commercialization of education There are four reasons why every nation regards the advancement of its youth as its primary duty. The first is that the youth possess vigour and inventiveness. It is in their strength and in their inventive genius that the hopes of a bright future are centered. The … Read more

 Fiscal Responsibility and Budget Management Act The FRBM Act 2003 in its amended form was passed by the government to bring fiscal discipline and to implement a prudent fiscal policy. High fiscal deficit was the one major macroeconomic problem faced by Indian economy around 2000. It was argued that high deficits lead to … Read more

 India’s National Accounts It is emphasised that in view of the essentially de-centralized character of the Indian Statistical System, the continental size of the country with large diversities and federal character of polity, the Indian System of National Accounts to include regional accounts at the State level and below. The term National Accounts … Read more

 Rural development initiatives :Karnataka Urban Ashraya/Vajpayee Urban Housing Scheme This is State Sponsored scheme implemented for urban poor and it was introduced by the Government in the year 1991-92. The annual income of the beneficiary is Rs.32,000/-. The beneficiaries are selected by the Ashraya Committee comprising both official and non official members appointed … Read more

 Facing Global Competition Globalisation means gradual integration of economies through free movement of goods, services and capital which has significant impact on the economies of both developed and developing countries. Globalisation refers to a process of growing economic interdependence among different countries of the world. Thus, in the globalised era, the whole world … Read more

 Control over Public Expenditure In a parliamentary democracy, the political executive is responsible to the Parliament. The control exercised by the Parliament over the executive is its control on financial expenditure. Parliamentary Control The Parliament is the custodian of public money, and what better way to keep an eye on the authorities spending … Read more